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Listing 16 out of 93
$3,999,999 For Sale

402 E Oceanfront
Newport Beach, CA 92661

2 units | Multi Family Home
2614 sq ft - MLS# NP18048615
Property Photo
1/66

Description

Balboa Oceanfront Duplex with 4 bedrooms and 2 baths in upper and 3 bedrooms 2 baths in lower unit. Sand in front and no dunes. A rare find with 7 bedrooms on the beach. There are no rental contracts and nothing to stop a quick sale. Property has been a short term rental and buyer can apply for a new business license and short term permit. A popular past short term rental on the beach. Each unit has an open spacious kitchen overlooking the living room. Each with fireplace. Lower unit has large patio and upper has small balcony. Newer exterior paint. Newer double pane vinyl windows. 2 car shared garage with laundry hook ups. New carpet and shows well. The boardwalk is right in front and you can walk or ride bikes to the Balboa Pier, Balboa Business District, the fire pits or take the ferry to Balboa Island. The Municipal parking lot is just 1 block away for extra parking for your quest or tenants. This duplex cannot be duplicated and is a rare find.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92661
  • Year Built: 1972
  • Subdivision/Neighborhood: Balboa Peninsula (Residential) (Balp)
  • Style: Cape Cod
  • Stories: Two
  • Units: 2 units
  • # of Parking Spaces: 2.00
  • Fireplace: Family Room,See Remarks, Yes
  • Lot Size: 2614 sq ft
  • Accessibility: Doors - Swing In
  • View: Catalina,Coastline,Ocean, Yes
  • Waterfront: Beach Access,Beach Front,Ocean Access,Ocean Front
  • Zoning: R-2
  • Area: NP - Balboa Peninsula
  • Appliances: Dishwasher, Garbage Disposal, Gas Oven, Gas Water Heater, Microwave, Refrigerator
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Builder Name: Tom Horn/D Smith
  • Building Area Total: 3258.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Sidewalks
  • Construction Materials: Clapboard, Stucco
  • Country: US
  • Direction Faces: Southwest
  • Directions: Balboa Blvd turn right on Coronado left in alley 1 block on the right
  • Electric: Standard
  • Entry Location: ground
  • Fence YN: Yes
  • Fencing: Brick, Needs Repair
  • Flooring: Carpet, Tile
  • Foundation Details: Slab
  • Garage Spaces: 2.00
  • Gross Scheduled Income: 129600.00
  • Heating: Central Furnace, Natural Gas, Fireplace
  • Heating YN: Yes
  • Insurance Expense: 2400.00
  • Interior Features: Balcony, Beamed Ceilings, Copper Plumbing Full
  • Laundry Features: Community, Gas Dryer Hookup, In Garage
  • Laundry YN: Yes
  • Listing Agent License: 00868230
  • Listing Office License: 00654616
  • Lot Dimensions: 27 X 95
  • Lot Features: Lot-Level/Flat, Near Public Transit
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 119232.00
  • New Taxes Expense: 45000.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 10368.00
  • Other Expense Description: Estimate
  • Other Structures: Two On A Lot
  • Parking Features: Assigned
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Property Condition: Repairs Cosmetic
  • Road Frontage Type: Alley
  • Roof: Tar/Gravel
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Stories Total: 2
  • Total Expenses: 59438.00
  • Trash Expense: 1250.00
  • Utilities: Cable Available, Natural Gas Available, Underground Utilities
  • Water Sewer Expense: 420.00
  • Water Source: Public
  • Window Features: Double Pane Windows
  • Year Built Source: Assessor
Courtesy of The Ballast Group, Jim Jacobs

Agent Mary Lou Skowronski
Mary Lou Skowronski DRE: 01398486 / Broker DRE: 01317331
Berkshire Hathaway HomeServices California Properties
1400 Newport Center Drive, #200 - Newport Beach, CA 92660

© “2018” BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate,and a franchisee of  BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of  America, Inc.® Equal Housing Opportunity. Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC.  BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property,  Information obtained from various sources and will not be verified by broker or MLS. 

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Designations Ranks Agent Mary Lou Skowronski in the
Top 7% of Realtors Nationwide!
NABPOP BPO Certified Property Valuator, CPRES Certified Probate/Trust Real Estate Specialist, Investor Certified Realtor, ePRO – Internet Marketing Professional, 
Luxury Property Specialist, AREAA – Asian Real Estate Association of America, Designer and Accredited Home Staging Specialist,
REO and Short Sale Specialist, PSC Mastery HAFA Foreclosure Prevention Counselor